Hochschild Mining Share Discussion Threads

[edjge2] 30/12/2016 07:52

JNUG UP 27+% yesterday

[charles clore] 29/12/2016 22:54

Toppy - perhaps the BEEB has been given the nod from on high...

[topicel] 29/12/2016 22:00

The gold and silver ship is in the harbour still GS, but soon the tugs will let her sail.

This is not the true launch but merely getting turned seaward ahead of the flotilla that is waving her on her way.

Can there be a last minute blockade? Of course, but in reality those that wish to sail are already on board. They were happy to cast off the moorings while everyone else is quaffing wine and stuffing turkey!

I do wonder that the BBC have been allowed to break the news so boldly though...maybe again they know no-one is paying much attention as MSM principally follow the latest celebratory obituary news.

Topicel

[topicel] 29/12/2016 21:54

Timeline? No way are we likely to exit 2017 in a state of calm where the dollar is too strong for the US to do what Trump is aiming to do, or, therefore, see PMs not dramatically higher.

H - you keep forgetting that Dr. Shelton and all the other gold supporters within Trump's advisory team are indeed suggesting special 5-Year Treasury Bonds backed by gold. Maybe, if there really isn't any left in Fort Knox, that won't be so easy...but like I say they will then at least confiscate the JPM silver hoard or force them as a quid quo pro to let it be used in the same manner that paper has been manipulating the Comex PM prices.

The other suggestion is to make PMs except capital gains tax.

There is far too much gold mania in this new administration for it not to be in play somehow. Both Pence and Trump himself are keen to see what can be done, and consequently the need for a strong dollar will also become secondary.

It really is basic economics for Trump and his team - as they see it. Old skool. Lol.

Why is it so hard to see that a strong dollar is the enemy of Trump making America Great Again? He's happy for the Yen to rally back therefore, and any other traditional safe haven like gold as he wishes to reset the US economy completely I'm betting for the US based corporates.

He couldn't care less about the globalists in the DOW, the Fed or the Banksters. Unless they help keep the dollar down and the rates low so he can build on interest rates of next to nothing...

Topicel

[saturdaygirl] 29/12/2016 21:48

Yes looking stronger by the hour now .

[goldenshare888] 29/12/2016 21:43

My US PM Miners up over 12%!! :)))

$1159

Continuation up wave tomorrow and into JAN I reckon........

:)))

[saturdaygirl] 29/12/2016 21:32

Its official and by the BBC !

[dt1010] 29/12/2016 21:18

You have to remember the higher stocks go the more the fund managers and brokers etc get paid...the government want that...they keep printing more money to inflate the assets the rich own...they control the media...the whole thing is rigged...then the big players get jobs on capitol hill as inequality widens.
Pass me the sick bag.
We are surrounded by corruption on high.
And yet commanded to follow every rule they throw at us.
They can print money until the DOW gets to 100,000
Mad times.

[saturdaygirl] 29/12/2016 21:09

Dollar indicators have topped .

Or its the start of a bull flag ?

[onedayrodders] 29/12/2016 21:03

So tonight's CNBC TV ticker as they desperately try and talk 20,000 back on again is ....

"DOW ABOUT 1% AWAY FROM 20,000"

Can you believe how k'n pathetic they are

[dt1010] 29/12/2016 19:13

Top..

We basically both agree.

The media and City have reported and traded on the notion that the Fed is not telling porkies and that the US economy is indeed in recovery mode, requiring higher rates to stave off inflation. And that therefore as gold pays no interest...it isn't worth holding.......

But! Debt levels won't be able to cope with much more than 1.5-2% as a base rate. And that changes nothing about the attraction of gold. It reinforces it.

How will interest be paid on outstanding debts at normalised interest rates? It cant be. Rate will never normalise. The new normal will be a max of 2% base rate.

Debts will become ever greater.

Eventually...well just ask any number of gold boffins, grey haired sages in the US who write books on the future of the US and gold.

Whatever happens, long term, gold and silver are in for far higher prices than any of us can imagine. And all becuase of the stifling debt levels in the US and throughout the western world - principally due to QE since 2008, what Rothschild called the biggest financial experiment in history.





Economically speaking there is something brewing that will change the world forever. No one can time when its coming but it will make 2008 look like a tea party and be a lot worse than the Great Depression.

I have little doubt the Rothschilds are setting themselves up so that they can pounce on the finest assets once the crash has come - for 10p on the pound and no more. Literally....90% collpase in asset values.
No one will be immune to it. I am and have been selling investment property to get out of the asset balloon.

Some will be a lot better set up to capitalise on the carnage than others. We do not live in normal times. QE has created enormous distortions in the financial system. They can only be contained for so long.

War will be the eventual outcome.

Who am I to disagree?



IMO DYOR.

[saturdaygirl] 29/12/2016 18:49

Copied from the AAZ thread

el_duderino_7885
29 Dec '16 - 18:10 - 6301 of 6303 0 0
The price of gold continues to follow bond yields and even more importantly the dollar yen. It really is astonishing just how close the two are correlated now. Gold is literally following the dollar yen inverse tick for tick, over three years the two have been paired now.
Fx is now determining the price of gold and nothing else matters at the moment. Forget all fundamentals, completely irrelevant.
Dollar yen down to 116 from recent highs of 118, hence the recent surge in the price of gold.
If you want to see gold back up around $1300 plus we need the dollar yen to head back towards 100.
Personally I think a dollar this strong will weigh heavily on the US and world economy so we should see it moving back down and therefore gold up. Especially when 3 rate hikes don't transpire this year.
Guys it really is this simple, until the hedge fund driven paper markets are broken by physical demand nothing else matters fundamentals be damned.

zhockey
29 Dec '16 - 18:14 - 6302 of 6303 0 0
I think the Dollar Yen is following gold, or at least Gold and the Yen priced in usd are peers. Gold and the Yen are the only safe haven currencies outside of teh dollar so it is no surprise they move together.

el_duderino_7885
29 Dec '16 - 18:35 - 6303 of 6303 0 0
Zhockey the gold market is not leading the Yen! You are talking about one of the worlds largest currency's.

Why do people find this difficult to comprehend? The price of gold right now has nothing to do with demand for physical gold. It has everything to do with demand and supply of the paper derivative we choose to call "gold".

What determines the demand and supply of the derivative is mainly the dollar/yen and also bond yields (to a lesser degree).

The algorithms that buy gold are programmed to buy gold if the dollar/yen falls (weak dollar/strong yen) and sell gold if the dollar/yen rises.

Since Trump won the dollar/yen has rises almost 20% from 100 that night to 118 and now falling to 116. A rise of almost 20%. At the same time the price of gold has dropped almost 20%. Magic!!

Has global demand for gold fallen 20% or supply increased in this time? Of course not!!

If we want to know where gold is going on here we need to understand this and realise that the next big move in the dollar/yen will define the next move in gold. Period. It really is this simple.

It doesn't make any sense but this is how the paper market currently works and has done for over three years.

I have no idea when this relationship will be broken but for now the paper markets are firmly in control.

Hopefully we'll start to see some law suits coming out of the recent price fixing revelations in the gold market. The evidence Deutshche bank have given should lead to many many more law suits and perhaps some fundamental price discovery in the gold market at long last.

[saturdaygirl] 29/12/2016 18:29

NPP62

You ask the most beautiful questions ..

[hectorp] 29/12/2016 18:21

US treasury notes are in fact an enemy of gold, so there is little chance of backing it with gold. As Rick Rule said this week The US Treasury bill is considered to be the main safe haven for the last 40 years, Until most people disavail themselves of that tomfoolery, the dollar will have an indian sign over gold.

PS I was a " millionaire" in 1999. But no longer. I made my money remarkably easy, and then lost most of it ( but not all) by betting on the rising dotcoms. I had it made.
H

[goldenshare888] 29/12/2016 18:03

Thanks Banj,

:)))

[npp62] 29/12/2016 17:58

What sort of critical timeline do you imagine for this to happen Topicel?... 12 months?... 12 years?

[topicel] 29/12/2016 17:56

NPP62 - I wish I was a millionaire!

Very rarely do I bother to invest longterm after such thorough research, in fact never before. I trade, mostly badly.

But here is a once in a lifetime convergence of opportunities and situations - literally as major currencies don't end that often, which is why most people are unaware that it even happens - that you too could study and research and only reach one conclusion.

The dollar is about to be revamped in some way. It seems most likely that gold or silver will be the support mechanism in the changeover era.

The stage is set and such events have happened in the past. The only worry could be remaining in PM shares too long and finding they are swallowed up in the debt clearance that is coming. Hell, even gold could be confiscated if you are not holding and hiding it yourself IMHO.

But I do reckon some will be millionaires on the paper side of things first if they are buying in significant amounts now the leveraged plays like HOC, Fres etc. Even moi!

Topicel

[topicel] 29/12/2016 17:45

DT1010, you said

"Most people are saying gold will drop due to Trump and Fed rates increases on the way.

Most people are not saying buy gold becuase the fed increases cannot possibly happen without causing huge problems for US debt....."

I'm glad you said most people. Most people are not thinking. I am usually not thinking so can be construed as most people a lot of the time but when my capital is threatened I go into serious study/research mode and become very unlike most people as a result.

Hence what I've been saying is patently true. There is no counter-argument that can be made...

Trump needs a weak dollar. The euphoria is not of his making but the banksters getting out ahead of January 20 and plenty getting sucked down as they close their shorts on PMs.

So, interest rates can't rise as that is contrary to a weak dollar. If, like most people, you are being fooled into thinking otherwise then you are not thinking and understanding basic economics.

The options he has available are all good for PMs. Unless he decides he can't do anything of course. But then the markets and the people will have a Trump Tantrum that will make the Taper Tantrum seem like a walk in the park...

And PMs will still fly.

So whilst it is true that no-one knows what will happen on this short journey to dollar weakness and PMs hitting new highs and more, they do know, like me, that it is a certainty.

Nothing can stop it.

Topicel

[npp62] 29/12/2016 17:36

So in the short term do we see a pull back in the price of PM's? .. Before a huge rise?... I guess if we knew the answer we'd all be millionaires.. Like Topical and DT :-)

[topicel] 29/12/2016 17:30

Stevea - then if not gold-backed Treasury notes, which has been mooted among the Trump gold bugs, then buying gold directly using QE...and not actually saying so...before they launch the gold-backed dollar replacement.

It's not like they haven't been lying about the usage of the last three rounds of QE, is it?!

Either way, the basic premise has to be a weak dollar is the only solution. A devaluation, however it is backed and/or spun, similar to Wilson's pound devaluation in the sixties.

They can't build growth without exports. They would implode under the weight of returning treasuries first. With out a doubt interest rates can't go up either as the repayments on the debt will be too onerous. The debt ceiling reviews were deliberately postponed until March 2017 anyway by the Democrats in case they lost.

And whatever the Republican control of the Congress and Senate, many Tea Party types won't support an increase in spending and tax cuts that plunge the US deeper into debt so expect some gold-backed answer.

Or silver. As it was 150 years ago...now that would be fun, eh? And JPM have a little stash that Mr. Trump might like to sequestrate or have them let the Treasury use to avoid criminal charges as to how they got it...

All roads lead to PM nirvana IMHO.

Topicel

[onedayrodders] 29/12/2016 17:20

ZH Gold Surges Above $1150 On $3.5 Billion Bid, Bitcoin Dips


Gold is up 5 days in a row and is surging above $1150 today (up most since before election) as someone decided to buy $3.5 billion notional of the precious metal into the European close.

[banj] 29/12/2016 17:10

Nice one GS :) Love the enthusiasm mate. Best wishes for a 700p HOC share price in 2017